Southern Capital Advisors LLC Sells 126 Shares of Exxon Mobil Co. (NYSE:XOM)

Southern Capital Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 4,770 shares of the oil and gas company’s stock after selling 126 shares during the quarter. Southern Capital Advisors LLC’s holdings in Exxon Mobil were worth $549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $25,000. First Pacific Financial acquired a new stake in Exxon Mobil during the 1st quarter valued at $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $46,000. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil during the second quarter worth approximately $47,000. Finally, Vima LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $50,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XOM shares. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. UBS Group upped their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $1.59 during trading on Friday, reaching $116.32. 10,381,431 shares of the company’s stock were exchanged, compared to its average volume of 17,064,939. The firm’s 50-day moving average price is $115.14 and its 200 day moving average price is $113.86. The company has a market cap of $458.65 billion, a P/E ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is presently 46.57%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.